Container Shipping News

Zim Integrated Shipping Services has taken exception to a credit downgrade by the Israeli affiliate of Standard & Poor’s, which forecast the shipping line’s negative cash flow will con

Freight rates in the key Asia-to-Europe container trades appear to have peaked after a nearly fourfold increase since December, according to Alphaliner.

Middle Eastern carrier Emirates Shipping Line will raise its rates on cargo moving on its Far East and intra-Asia services, starting May 15.

Box volumes at South Korea’s ports reached a record high in April as transshipment traffic drove growth.

Imports at the nation’s top container ports will be flat this month compared to May 2011, but imports will then show steady growth into the fall, Global Port Tracker says.

Panama will get a fourth container terminal, a new one in Colon at t

South Korea’s Hyundai Merchant Marine said higher fuel costs and lower container volumes widened its first quarter operating loss to 201 billion won ($177 million) from $24 million a year earlie

Indian authorities released the Italian-flag merchant ship

What a difference four months can make. When 2012 dawned, a sense of doom prevailed in the containing shipping industry. Spot container rates in the critical Asia-to-U.S.

Shippers normally opt for the expense of air service only when they need to expedite high-value cargo such as computer chips and diamonds.

Prince Rupert, British Columbia, was the fastest-growing container port in North America in 2011, ramping up its export strategy and spiking 59.1 percent export growth year-over-year.

China weathered the global financial crisis of 2008-09 better than most countries, but the downturn still had a profound effect on its export-led economic model.

Federal Maritime Commission Chairman Richard Lidinsky Jr.

Jack Holmes, president of one of the largest trucking companies operating on U.S. highways, keeps an eye on the sea, where container shipping lines are struggling to stay afloat financially.

The failure late last month of American Feeder Lines and its 9-month-old service in the U.S. Northeast marks the latest body blow to short-sea shipping.

The Omani Ministry of Transport and Communications has awarded a $143 million contract for the construction of a new general cargo and liquid bulk terminal that will double the general-cargo handling

Panalpina swung to a loss of $64.5 million in the first quarter ended March 30 from a profit of $38.2 million in the same quarter last year.

After a slack start to the year, China’s containerized exports will begin to pick up this quarter, helping lift average throughput growth at the nation’s ports to 9 percent in 2012, Macqua

Hapag-Lloyd will impose a general rate increase on all cargo from the Indian subcontinent to Southeast and Northeast Asia.

Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot container, which means that carriers got most of the general rate increases they imple

Singapore-based container carrier APL imposed a port congestion surcharge on all shipments from Asia and the Middle East to Aden, Yemen.

Kuehne + Nagel has opened a new less-than-containerload gateway in Shanghai.

Asian investors reacted positively Thursday to the news that the G6 Alliance will not rei

West Coast ports handled 7 percent more loaded containers in March compared to the same month last year, according to numbers published on the Web site of the Pacific Maritime Association.

Owner-charterer Diana Containerships said its first quarter net profit

The Port of Jacksonville will get new calls this month by China Shipping and United Arab Shipping, which participate in a vessel-sharing agreement with CMA CGM in its PEX 3 service.

The members of G6 Alliance said Wednesday they would not reinstate Loop 2 of the seven Asia-Europe services that the six carriers had planned to launch in April.

Container terminals must improve productivity at the same rate as growth in ship sizes or “preferably much more,” an APM Terminal official said at a Stockholm port conference.

Maersk Line will impose a general rate increase on cargo from India to the east coast of South America, starting June 1.

Fitch Ratings affirmed its long-term "A" rating of the Virginia Port Authority’s outstanding port facilities revenue and refunding bonds.

Evergreen Line and Crowley Latin America Services have filed a slot-charter agreement that will allow Evergreen to provide weekly northbound and southbound service between Florida, Panama and Puerto L

Container lines have started reactivating their idle container fleets for

The rebound in earnings on container trades has prompted operators to start reactivating larger tonnage, according to the latest report from

NYK Line, which has been getting out of the business of providing chassis at ports and terminals in the U.S., said Monday it would extend the withdrawal to the Denver/Salt Lake City market on July 1.

Rickmers-Linie expects a wave of new investments in Myanmar following the suspension of EU sanctions.

NYK Line said declining revenue and rising costs produced a net loss of 72.8 billion yen ($903 million) for its 2011 fiscal year ended March 31, but the Japanese carrier forecasts a profit for FY2012.

Evergreen Marine said its first quarter operating loss narrowed to 164.3 million New Taiwan dollars ($5.6 million) from $9.6 million a year earlier despite a 5.8 percent increase in revenue to $1.3 bi

Diversified Japanese carrier MOL reported a loss of 26 billion yen ($322 million) for its 2011 fiscal year ended March 31, but said it expects a return to groupwide profitability this year.

ING Group is continuing to finance ship orders in a market that is being vacated by many banks whose loans to shipowners have been hit by defaults caused by the downturn in the shipping sector.